AN ACTUARY’S POTENTIAL EMPLOYMENT

If you can survive the grilling tests, there is a payoff – the median annual salary for an actuary is handsome. Actuaries are globally in demand and can command hefty pay packets, salaries and perks. No wonder then that this profession has been rated among the best jobs in the US.

 Actuaries are one of the highest paid professionals in the world, a freshly qualified actuary is likely to receive an average pay of around $ 70 thousand per annum in UK/USA and Rs.18 lacks in India. As a trainee the students can expect their stipend to start at Rs.50 thousand per month in India.

 Some of the potential employers are :

Life Insurance

1. AMP Sanmar Life Insurance CoLtd; 2. Allianz Bajaj Life Insurance Co Ltd; 3. Birla Sun Life (Distributor Co Ltd); 4. Aviva Life Insurance Co Ltd.; 5 HDFC Standard Life Insurance Co Ltd.; 6. ICICI Prudential Life Insurance Co Ltd.; 7.ING Vysya Life insurance Co Ltd; 8. Om Kotak Mahindra Life Insurance Co Ltd.; 9. Max New York Life Insurance Co Ltd.; 10. Met Life Insurance Co Ltd.; 11. SBI Life Insurance Co LTD; 12. TATA AIG Life Insurance Co Ltd; 13. Life Insurance Corporation of India

Non-Life Insurance

1. Bajaj Allianz; 2. HDFC Chhub GIC ltd; 3. ICICI Lombard General Insurance Co Ltd; 4. IFFCO-TOKIO General Insurance Co Ltd.; 5. Reliance GIF; 6. Royal Sundaram GIC; 7. Cholamandalam GIC; 8. TATA AIG; 9. Oriental Insurance; 10. United India Insurance.; 11. National Insurance Co; 12. General Insurance Corporation; 13. New India Assurance Company

Actuarial Apprentices with LIC

The Life Insurance Corporation of India takes in candidates who are Graduates/ Postgraduates with Mathematics and Statistics as main subjects with 60% or more marks in aggregate and coming in the age-group 18-25 years. The selection is based on a written test conducted by LIC which consists of two papers. Paper I includes Essay Writing (Hindi or English) and paper II comprising of Mathematics or Statistics or Actuarial Science. Candidates who have passed one or more examination of the ASI or Institute of Actuaries (London) or those having PG Diploma in Actuarial Science with more than 50% marks in aggregate are exempted from appearing for the exams.

Source: www.webindia123.com

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